10 years fixed

andys15

Do they still exist? I am currently 2 years into a 3 year fixed. I have got 28 years left, but I can afford to reduce my mortgage to 10 years by the time my fixed deal runs out. I would love to have no care about interest rates until I am mortgage free and a 10 year fixed would give me that piece of mind. What would be the negatives about doing this, apart from the obvious, interest remaining so low.
Would it be better to overpay my 28 year mortgage, save my money and do lumpsums. What pice is piece of mind..... I may also need to port my mortgage so I have the option to move if needed. I also want to have a loft conversion and go into my garage, to hopefully persuade the misses to stay put forever, as opposed to paying 3% stamp duty, which would be the kind of houses we are looking at. I see it that a loft conversion, and garage conversion might increase the value a little, or just cover the costs of the work, whilst moving is throwing away stamp duty, and I wouldnt be mortgage free in 11 years.

ylesia

I think there are a few providers offering 10 year fixes at the moment for at least 75% LTV, Britannia is one maybe? This is what I'm thinking of doing as soon as our circumstances allow.

dimbo61

YBS have a 10 year fix at 5.49% with a LTV of 75%
Product fee £495.
Is it a good idea to take a 10 year fix ? Well thats the question but my 5 year fix finishes in december and I have been happy ( its an offset mortgage )

dimbo61

Britannia do 2 deals at 5.29% fee £999 and 5.49% fee free for 10 years 75% LTV